Can I trade with an ASIC broker if I live in Europe?

FX-PIP

Newbie
7 0
IcMarkets blocked me ) told that they cannot deal with Europe and told i can open account at IcMarkets other Virgin Islands...not under ASIC regulated ... i not work with them any more. Some asic broker have same problems since SUmmer
 

bhagesh.nair

Junior member
25 1
If a broker does not agree to board you under a highly regulated body like FCA, ASIC or CySec, if you live in the regulatory jurisdiction, run away from that broker.
Always ask for an STP/ECN account as a trader with the broker.
In unregulated jurisdictions, chances are your trades are executed on the brokers dealing desk, not via a liquidity provider.
In such case, there is a conflict of interest between you and the broker.
 

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